Friday, December 10, 2010

The best economic performing cities in 2010 (Global Metro Monitor)

As they prepare to ring in 2011, Istanbul's residents have an extra special reason to celebrate, as the Turkish city was named the world's best-performing city in terms of economics, according to a new report.


Prepared by the Brookings Institution and the London School of Economics, the Global MetroMonitor ranked 150 world cities, according to growth in gross value added per person (a proxy for income) and employment. With income growth of 5.5 percent and employment growth of 7.3 percent over the past year, Istanbul topped the chart. But with four cities nestled firmly in the top ten, China is undoubtedly the report's champion at the national level. Meanwhile, 3 Latin America metropilies stand among the top 10, which is one of the best results in the history of the region.

The recession has toppled previous champions -- Dubai, the second-best performing city between 1993 and 2007, now ranks among the most stagnant.

1. Istanbul, Turkey

2. Shenzhen, China-the best performing city in China












3. Lima, Peru-the best performing city in Latin America

4. Singapore, Singapore












5. Santiago, Chile

6. Shanghai, China











 

7. Guangzhou, China

8. Beijing, China

9. Manila, Philippines

10. Rio de Janeiro, Brazil

12. Mumbai, India














14. Melbourne, Australia - the best performing city in Australia

15. Guadalajara - the best performing city in Mexico

19. Buenos Aires, Argentina

24. Riyad - the best performing city in the Middle East











26. Austin, USA - the best performing city in the USA

27. Montreal - the best performing city in Canada

28. Alexandria, Egypt - the best performing city in Africa

30. Hong Kong, China

38. Krakow, Poland - the best performing city in Central and Eastern Europe










52. Tokyo, Japan

77. New York, USA

88. Vienna, Austria

92. Vancouver, Canada

96. Paris, France

113. Frankfurt, Germany

116. Los Angleles, USA

123. London, UK

142. Madrid, Spain

149. Dubai, UAE

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